Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MERKATOR from Asse, company number BE0839944576, closed financial year 2025 with a result of € -45,957 after tax. For that financial year MERKATOR recorded revenue of € 13.3 million and equity of € 2.9 million. Compared with financial year 2024, the result moved from € 62,741 to € -45,957. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 2.9 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,957
▼ still € 62,741 profit in 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.8 million.
People and assets in 2025
56.4
▲ 7.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.2 million
▲ 17% vs 2024
€ 110,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 91,682
▲ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20.3 million
▲ 142% vs 2024
€ 1.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 1.1 million
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
€ 1.2 million
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,460,800 | € 9,698,164 | € 10,624,535 | € 13,329,905 | ▲ 25% |
| Profit after taxes | € 589,528 | € -160,288 | € 62,741 | € -45,957 | ▼ € 108,698 |
| Equity | € 3,052,926 | € 2,892,638 | € 2,955,379 | € 2,909,423 | ▼ 2% |
| Total debts | € 7,314,109 | € 11,605,335 | € 12,197,670 | € 25,435,130 | ▲ 109% |
| Cash | € 221,738 | € 308,334 | € 1,049,738 | € 1,156,224 | ▲ 10% |
| Land & buildings | € 586,949 | € 603,080 | € 598,196 | € 560,175 | ▼ 6% |
| Retained profit | € 2,991,426 | € 2,831,138 | € 2,893,879 | € 2,847,923 | ▼ 2% |
| Dividend | € 144,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 4,048,376 | € 8,433,398 | € 8,410,867 | € 20,338,279 | ▲ 142% |
| Balance sheet total | € 10,367,035 | € 14,497,973 | € 15,153,050 | € 28,344,552 | ▲ 87% |
| Employees (FTE) | 48 | 49 | 49.3 | 56.4 | ▲ 7.1 |
Key figures of MERKATOR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MERKATOR?
What happened at MERKATOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 45,957 (▼ € 108,698 vs 2024). Source: NBB ↗
- OLIVIER DAMANET became a director. NBB
- DAVE DIONNE became a director. NBB
- New establishment in Asse. KBO
- Start of the company according to the CBE. KBO
In short
From € 589,528 profit in 2022 to € 45,957 loss in 2025.
Paid € 452,319 in corporate taxes since 2022.
Best year ever: 2022, with € 589,528 profit.
Paid out € 144,000 in dividends to the owners in total.
A new publication or filing at MERKATOR? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Merkator Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MERKATORBehind MERKATOR are 5GEE BV, OLIVIER DAMANET and DAVE DIONNE. The shares are held by Merkator Group (100%). It owns 100% of Spatial Intelligence Genuine & Generic IT Solutions, 100% of MERKATOR OVIEDO S.L., 100% of G.I.M. Geographic Information Management, 100% of Merkator B.V. and 100% of GeoMerk Wion itself.
Directors
According to the 2025 annual accounts
Director · represented by Geert De Coensel
Also active at: G.I.M. - GEOGRAPHIC INFORMATION MANAGEMENT, GIM WALLONIE, Spatial Intelligence Genuine & Generic IT Solutions, Merkator Group
since 2013
since 2013
Shareholders
100%
Participations
MERKATOR OVIEDO S.L.
100%
Merkator B.V.
100%
GeoMerk Wion
100%
Establishments
Establishment units
Physical locations of this company
Vliegwezenlaan 48
1731 Asse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0839.944.576
- VAT number
- BE 0839.944.576
- Registered office
- Vliegwezenlaan 48, 1731 Asse
- Names & denominations
- MERKATOR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 2011
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
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